DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Z3 Capital Partners
Legal name Z3 Capital Partners, LLC
Latest filing Sep 11, 2026
First filing on the tape Jul 2, 2025 · 5 filings
SEC status approved since Jul 16, 2025
RAUM
$467M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
89%
$414M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$156M
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$467M as of Mar 24, 2026
Jul 2, 2025$0 then
HNW client RAUM$270M as of Mar 24, 2026
Nov 12, 2025$425M then
State-registered IARs (5.B.3)3 as of Mar 24, 2026
Jul 2, 20252 then
Employees (5.A)5 as of Mar 24, 2026
Jul 2, 20255 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Sep 11, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $156MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 101derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.4MderivedHNW RAUM over HNW clients
- Average account
- $462,618derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Wrap fee program
- $467MreportedItem 5.I
- Custody
- $20.8M, 3 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$270M58%
- Individuals$143M31%
- Corporations and businesses$52.3M11%
- Charitable organizations$546,6780.1%
- Individual clients
- 241reported
- HNW clients
- 62reported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 1,009reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $20.8M for 3 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.89 fund_share=0.0 institutional_share=0.0 related_bd= related_bank= bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Gareth Mancini | Richmond, Va | Aug 4, 2025 | 10 y | 0 |
| Scot Lee Morris | Richmond, Va | Aug 4, 2025 | 40 y | 3 |
| Alicia Coullier Borghi | Richmond, Va | Aug 4, 2025 | 31 y | 3 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Alicia Coullier Borghi from Raymond James Financial Services Advisors, IncAug 4, 2025 · Affiliated broker-dealer or bank to a newly registered adviser
- Scot Lee Morris from Raymond James Financial Services Advisors, IncAug 4, 2025 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Raymond James Financial Services Advisors, IncAug 1, 2025 · Richmond, Va
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
No Schedule A on the extract for this adviser.
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Richmond, Va · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- very high RAUM per advisorStatic outlier · filing Sep 11, 2026RAUM per registered advisor of $155,593,984 against a peer median of $55,716,044 (3252 comparable advisers, 99.0th percentile, 3.5 robust deviations)peers: independent wealth managers, $100M to $500M (3,252) · 99% percentile
What changed
consecutive filings, newest first
- Financial planning clients · 0 to 0Mar 24, 2026 to Sep 11, 2026
- Related adviser · false to unsetMar 24, 2026 to Sep 11, 2026
- Related bank · false to unsetMar 24, 2026 to Sep 11, 2026
- Related broker-dealer · false to unsetMar 24, 2026 to Sep 11, 2026
- Related insurance company · false to unsetMar 24, 2026 to Sep 11, 2026
- Succession · false to unsetMar 24, 2026 to Sep 11, 2026
- Accounts · 985 to 1,009Nov 12, 2025 to Mar 24, 2026
- Charity clients · unset to 1.0Nov 12, 2025 to Mar 24, 2026
- Corporate clients · unset to 7.0Nov 12, 2025 to Mar 24, 2026
- HNW clients · 124 to 62Nov 12, 2025 to Mar 24, 2026
- Individual clients · 189 to 241Nov 12, 2025 to Mar 24, 2026
- Assets in custody · $20.5M to $20.8MNov 12, 2025 to Mar 24, 2026
- Discretionary RAUM · $491M to $467MNov 12, 2025 to Mar 24, 2026
- HNW RAUM · $425M to $270MNov 12, 2025 to Mar 24, 2026
- Individual RAUM · $66.0M to $143MNov 12, 2025 to Mar 24, 2026
- RAUM · $491M to $467MNov 12, 2025 to Mar 24, 2026
- Accounts · 0 to 985Aug 4, 2025 to Nov 12, 2025
- Advisory employees · 2 to 3Aug 4, 2025 to Nov 12, 2025
- Advisory activities · 4 to 2Aug 4, 2025 to Nov 12, 2025
- HNW clients · unset to 124.0Aug 4, 2025 to Nov 12, 2025
- Individual clients · unset to 189.0Aug 4, 2025 to Nov 12, 2025
- Assets in custody · unset to 20506440.0Aug 4, 2025 to Nov 12, 2025
- Custody of client assets · false to trueAug 4, 2025 to Nov 12, 2025
- Financial planning clients · 0 to 0Aug 4, 2025 to Nov 12, 2025
- State-registered IARs · 2 to 3Aug 4, 2025 to Nov 12, 2025
- Discretionary RAUM · $0 to $491MAug 4, 2025 to Nov 12, 2025
- HNW RAUM · unset to 425296883.0Aug 4, 2025 to Nov 12, 2025
- Individual RAUM · unset to 65998817.0Aug 4, 2025 to Nov 12, 2025
- RAUM · $0 to $491MAug 4, 2025 to Nov 12, 2025
Signals
1 dated events
- 2 advisors left Raymond James Financial Services Advisors, Inc (Richmond, VA) for Z3 Capital Partners within 3 daysAug 1, 2025 · Team lift-out · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 804-256-1170reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 804-256-1179reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 804-716-4077reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/11386218reportedpublic record, Form ADV, Sep 17, 2026
- Website
- z3capital.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 804-256-1770reportedpublic record, Form ADV, Sep 11, 2026
- Contact form
- z3capital.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $156Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026